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The Effect of Population Aging on Economic Growth, the Labor Force and Productivity
Maestas, Nicole - 2017
Population aging is widely assumed to have detrimental effects on economic growth yet there is little empirical evidence about the magnitude of its effects. This paper starts from the observation that many U.S. states have already experienced substantial growth in the size of their older...
Persistent link: https://www.econbiz.de/10012968653
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Demographic Transitions and Economic Miracles in Emerging Asia
Bloom, David E.; Williamson, Jeffrey G. - 2021
The demographic transition a change from high to low rates of mortality and fertility has been more dramatic in East Asia during this century than in any other region or historical period. By introducing demographic variables into an empirical model of economic growth, this essay shows that this...
Persistent link: https://www.econbiz.de/10013215702
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The Integration of the Canadian Productivity Accounts within the System of National Accounts : Current Status and Challenges Ahead
Baldwin, John R.; Harchaoui, Tarek M. - 2021
A statistical agency faces several challenges in building Productivity Accounts. What started out as a request for simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take into account both labor and capital inputs, the...
Persistent link: https://www.econbiz.de/10013229083
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The Architecture of the System of National Accounts : A Three Country Comparison, Canada, Australia, and United Kingdom
Wilson, Karen - 2021
; Australia, Canada and the United Kingdom. Each of the three countries uses the Supply and Use framework (variant of Input Output … institutional sectors of the economy. In Canada the supply and use framework is used to determine the level of GDP but not all of … expenditures and net lending/borrowing across sectors. This allows Canada to track the statistical system which provides …
Persistent link: https://www.econbiz.de/10013229136
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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012758136
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Population Aging and Intergenerational Transfers : Introducing Age into National Accounts
Mason, Andrew W. - 2010
In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...
Persistent link: https://www.econbiz.de/10012760498
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What is Productivity : Capacity or Welfare Management?
Hulten, Charles R. - 2021
A number of recent papers have examined the role of environmental variables in accounting for economic growth, and have concluded that net measures of national product are superior to gross measures in portraying the outcome of the growth process. This paper argues that the two measures are not...
Persistent link: https://www.econbiz.de/10013229038
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Post-War Economic Growth in the Group-of-Five Countries : a New Analysis
Boskin, Michael J.; Lau, Lawrence J. - 2021
An inter-country aggregate production function is estimated using annual data for the post-war period drawn from the Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all countries have the same underlying production function, not in...
Persistent link: https://www.econbiz.de/10013216118
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Is Deflation Depressing? Evidence from the Classical Gold Standard
Bordo, Michael D.; Redish, Angela - 2021
United States and Canada, 1870-1913. Both countries adhered to the international gold standard. This meant that the domestic … response to supply' shocks. For Canada the results are murkier. As in the U.S., the money supply shocks before 1896 are … shocks play a larger role in determining output behavior in Canada. The key conclusion of our analysis is that the simple …
Persistent link: https://www.econbiz.de/10013220513
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Openness to Trade and the Spread of Industrialization : Evidence from Canada During the First Era of Globalization
Jaworski, Taylor; Keay, Ian - 2022
We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of … experienced faster growth. Consistent with the literature on economic development in Canada, we find that scale economies …
Persistent link: https://www.econbiz.de/10013295874